Financial Performance - Revenue for the first half of 2024 decreased by 36.2% to RMB 4,560,146 thousand compared to RMB 7,143,937 thousand in the same period of 2023[7] - Net profit attributable to shareholders declined by 21.9% to RMB 576,594 thousand in H1 2024 from RMB 737,875 thousand in H1 2023[7] - Net profit for the first half of 2024 was RMB 592 million, a decrease of RMB 198 million (25.1%) year-on-year[15] - Net profit attributable to shareholders for the six months ended June 30, 2024, was RMB 576,594 thousand, down from RMB 737,875 thousand in the same period in 2023[175] - Net profit for the period was RMB -24,876 thousand, with a comprehensive income of RMB -2,336,109 thousand[184] - Basic and diluted earnings per share for the six months ended June 30, 2024, were RMB 0.07, compared to RMB 0.08 in the same period in 2023[176] Assets and Liabilities - Total assets decreased by 1.1% to RMB 1,068,305,291 thousand as of June 30, 2024, compared to RMB 1,080,052,706 thousand at the end of 2023[7] - Total assets reached RMB 1,068.305 billion, with total deposits increasing by RMB 18.123 billion (2.4%) to RMB 779.277 billion, accounting for 78.9% of total liabilities, up 2.8 percentage points from the previous year[11] - Total assets decreased to RMB 1,068.31 billion as of June 30, 2024, down from RMB 1,080.05 billion at the end of 2023[179] - Total liabilities decreased by RMB 11.916 billion (1.2%) to RMB 988.241 billion as of June 30, 2024, compared to the end of the previous year[75] - Total liabilities were RMB 988,241,417 thousand, with corporate banking liabilities at RMB 239,210,055 thousand, retail banking at RMB 565,830,886 thousand, and funds business at RMB 183,091,896 thousand[199] - Total equity increased slightly to RMB 80.06 billion as of June 30, 2024, up from RMB 79.89 billion at the end of 2023[179] Loans and Advances - Total loans and advances increased by 3.1% to RMB 492,707,548 thousand as of June 30, 2024, compared to RMB 477,876,799 thousand at the end of 2023[7] - Total loans increased by RMB 14.831 billion (3.1%) to RMB 492.708 billion, accounting for 46.1% of total assets, up 1.8 percentage points from the previous year[11] - Loans and advances to customers as of June 30, 2024, were RMB 517,773,638 thousand, up from RMB 496,289,504 thousand as of December 31, 2023[177] - Corporate loans (including bill discounts) reached RMB 383.32 billion, accounting for 77.8% of total loans and advances, up 3.8% from the end of 2023[62] - Personal loans totaled RMB 109.38 billion, representing 22.2% of total loans and advances, with a slight increase of 0.8% from the end of 2023[62] Deposits - Total deposits grew by 2.4% to RMB 779,277,310 thousand as of June 30, 2024, from RMB 761,154,553 thousand at the end of 2023[7] - Customer deposits increased by RMB 18.123 billion (2.4%) to RMB 779.277 billion, accounting for 78.9% of total liabilities, up 2.8 percentage points from the previous year[77] - Deposits from customers grew to RMB 800.46 billion as of June 30, 2024, compared to RMB 779.97 billion at the end of 2023, an increase of RMB 20.49 billion[178] Non-Performing Loans (NPL) and Risk Management - The non-performing loan ratio slightly improved to 2.66% as of June 30, 2024, compared to 2.68% at the end of 2023[8] - Non-performing loan ratio decreased by 0.02 percentage points to 2.66%, while the provision coverage ratio increased by 0.09 percentage points to 159.59%[12] - The bank's non-performing loan (NPL) ratio decreased to 2.66% as of June 30, 2024, down by 0.02 percentage points from the end of 2023[83] - The bank's provision coverage ratio improved to 159.59% as of June 30, 2024, up by 0.09 percentage points from the end of 2023[83] - The NPL ratio for corporate loans (including bill discounts) was 2.62% as of June 30, 2024, slightly down from 2.66% at the end of 2023[93] - The NPL ratio for personal loans increased to 2.82% as of June 30, 2024, compared to 2.74% at the end of 2023[93] Interest Income and Expenses - The net interest margin declined by 0.42 percentage points to 0.80% in H1 2024 compared to 1.22% in H1 2023[7] - Interest income decreased by RMB 4.857 billion (22.8%) to RMB 16.443 billion, while interest expenses decreased by RMB 2.115 billion (13.8%) to RMB 13.207 billion[16] - Net interest income decreased by RMB 2.743 billion (45.9%) to RMB 3.236 billion[16] - Net interest income for the first half of 2024 was RMB 3.235 billion, a decrease of RMB 2.742 billion (45.9%) compared to the same period in 2023[19][20] - Interest income for the first half of 2024 was RMB 16.443 billion, a decrease of RMB 4.857 billion (22.8%) compared to the same period in 2023, primarily due to a decrease in interest income from loans and advances[28][29] - Interest expense for the first half of 2024 was RMB 13.207 billion, a decrease of RMB 2.115 billion (13.8%) compared to the same period in 2023[20] Capital Adequacy and Ratios - The capital adequacy ratio decreased by 0.19 percentage points to 13.93% as of June 30, 2024, from 14.12% at the end of 2023[8] - The bank's capital adequacy ratios as of June 30, 2024, were 10.26% for core tier 1 capital, 12.24% for tier 1 capital, and 13.93% for total capital, all meeting regulatory requirements[94] - The bank's total capital net amount was RMB 105.547 billion as of June 30, 2024, with risk-weighted assets totaling RMB 757.566 billion[96] Operating Expenses and Cost Management - The cost-to-income ratio increased significantly to 57.58% in H1 2024 from 33.39% in H1 2023[7] - Operating expenses increased by RMB 220.05 million (8.6%) to RMB 2.77 billion in the first half of 2024[49] - Employee compensation expenses decreased by RMB 20.30 million (1.4%) to RMB 1.46 billion in the first half of 2024[50] - Office expenses decreased by RMB 40.61 million (36.0%) to RMB 72.30 million in the first half of 2024[52] - Depreciation and amortization expenses increased by RMB 10.39 million (3.6%) to RMB 295.78 million in the first half of 2024[52] - Other general and administrative expenses increased by RMB 290.76 million (57.1%) to RMB 800.41 million in the first half of 2024[53] Investment and Trading Activities - Investment income increased by RMB 1.204 billion (105.8%) to RMB 2.342 billion, driven by the sale and disposal of bonds and other financial investments[16] - Financial investment net income increased by RMB 1.204 billion (105.8%) to RMB 2.342 billion in H1 2024, mainly due to higher net gains from bond asset disposals[47] - Net investment income for the six months ended June 30, 2024, was RMB 2,342,057 thousand, an increase from RMB 1,137,775 thousand in the same period in 2023[175] - Trading net loss increased by RMB 931 million to RMB 1.058 billion in H1 2024, primarily due to foreign exchange business costs and fair value revaluation changes[46] - Net trading loss for the six months ended June 30, 2024, was RMB 1,058,480 thousand, compared to a loss of RMB 126,981 thousand in the same period in 2023[175] Business Segments and Contributions - Corporate banking business generated RMB 2.534 billion in operating income, accounting for 55.6% of the total operating income in the first half of 2024[99] - Retail banking business contributed RMB 1.129 billion in operating income, representing 24.7% of the total operating income in the first half of 2024[99] - The funds business generated RMB 880 million in operating income, making up 19.3% of the total operating income in the first half of 2024[99] - Total operating income for the first half of 2024 was RMB 4,560.146 million, with corporate banking contributing RMB 2,533.834 million (55.6%) and retail banking contributing RMB 1,128.556 million (24.7%)[100] - Net interest income for corporate banking was RMB 2,436,459 thousand, while retail banking recorded RMB 1,197,768 thousand, and funds business had a net interest expense of RMB 398,439 thousand, resulting in a total net interest income of RMB 3,235,788 thousand[198] - Total operating income for the company was RMB 4,560,146 thousand, with corporate banking contributing RMB 2,533,834 thousand, retail banking RMB 1,128,556 thousand, and funds business RMB 879,821 thousand[198] Shareholder and Equity Information - The total number of shares of the company is 8,796,680,200, with 6,455,937,700 domestic shares and 2,340,742,500 H-shares, showing no change during the reporting period[133] - As of June 30, 2024, the company has 3,469 domestic shareholders and 124 H-share shareholders, including 42 state-owned legal entity shareholders and 110 private legal entity shareholders[135] - The top 10 domestic shareholders hold a total of 4,409,061,661 shares, accounting for 50.12% of the company's total shares, with 480,000,000 shares pledged[136] - Shenyang Shengjing Financial Holding Investment Group Co., Ltd. is the largest shareholder, holding 1,829,225,327 shares, representing 20.79% of the total shares[136] - Shenyang Hengxin State-owned Assets Management Group Co., Ltd. holds 479,836,334 shares, accounting for 5.45% of the total shares[136] - Liaoning Huibao International Investment Group Co., Ltd. holds 400,000,000 shares, representing 4.55% of the total shares, with all shares pledged[136] Risk Management and Compliance - The company has established a comprehensive market risk management system, including the issuance of the "Shengjing Bank Market Risk Management Measures (2024)" and the "Shengjing Bank Book Division Implementation Rules (2024)"[124] - The company has implemented the "Shengjing Bank 2024 Market Risk Limit Management Plan" to strengthen limit monitoring and early warning, enhancing market risk control[124] - The company has built a liquidity risk management system to ensure timely and cost-effective liquidity needs, achieving overall liquidity safety and compliance with regulatory indicators[126] - The company has optimized its information technology risk management, using advanced data analysis and AI technologies to build a comprehensive IT internal control and compliance management system[127] - The company has successfully constructed an open-source vulnerability knowledge base platform, which has accumulated over 280,000 vulnerability records, providing strong technical support for system security risk prevention[127] - The company has conducted network security self-inspections and data security checks, with a total of 5,987 employees participating in training courses related to network security and digital transformation[127] - The company has strengthened its reputation risk management by enhancing forward-looking analysis and dynamic monitoring, ensuring timely response and maintaining an efficient linkage mechanism[128] - The company has implemented a compliance risk management system, including the "Shengjing Bank Compliance Three-Year Action Plan (2024-2026)" and monthly supervision mechanisms to ensure regulatory compliance[129] - The company has enhanced its anti-money laundering (AML) risk management by optimizing AML operational models and strengthening the identification, monitoring, and control of AML risks[130] - The company has improved its AML monitoring models and increased the use of financial technology to enhance the effectiveness of AML risk monitoring and control measures[130] Subsidiaries and Investments - The total assets of the 6 village banks reached RMB 2.343 billion, a year-on-year increase of 28.9%[116] - The total liabilities of the village banks amounted to RMB 1.727 billion, a year-on-year increase of 42.4%, with deposits reaching RMB 1.686 billion, up 44.6% year-on-year[116] - Shenyang Shenbei Fumin Village Bank was established on February 9, 2009, with a registered capital of 150,000 thousand RMB, and the company holds a 20% stake[189] - Shenyang Xinmin Fumin Village Bank was established on June 25, 2010, with a registered capital of 30,000 thousand RMB, and the company holds a 20% stake[189] - Shenyang Faku Fumin Village Bank was established on October 26, 2010, with a registered capital of 30,000 thousand RMB, and the company holds a 20% stake[189] - Shenyang Liaozhong Fumin Village Bank was established on November 26, 2010, with a registered capital of 30,000 thousand RMB, and the company holds a 20% stake[189] - Ningbo Jiangbei Fumin Village Bank was established on August 17, 2011, with a registered capital of 100,000 thousand RMB, and the company holds a 30% stake[189] - Shanghai Baoshan Fumin Village Bank was established on September 9, 2011, with a registered capital of 150,000 thousand RMB, and the company holds a 40% stake[189] - Sheng Yin Consumer Finance Co., Ltd. was established on February 25, 2016, with a registered capital of 300,000 thousand RMB, and the company holds a 75% stake[189] Cash Flow and Financial Position - Operating cash flow for the six months ended June 30, 2024, was RMB -51,872,774 thousand, compared to RMB -9,932,168 thousand in the same period in 2023[185] - Investment cash flow for the six months ended June 30, 2024, was RMB 76,545,682 thousand, compared to RMB 15,795,239 thousand in the same period in 2023[186] - Financing cash flow for the six months ended June 30, 2024, was RMB -272,951 thousand, compared to RMB -3,462,323 thousand in the same period in 2023[187] - Cash and cash equivalents increased by RMB 24,394,121 thousand to RMB 60,164,061 thousand as of June 30, 2024[187] - The company's operating assets decreased by RMB 23,621,262 thousand, primarily due to a net increase in loans and advances of RMB 32,654,548 thousand[185] - The company's operating liabilities increased by RMB 16,337,477 thousand, mainly due to a net increase in deposits of RMB 20,492,469 thousand[186] Other Financial Metrics - The loan-to-deposit ratio increased to 63.23% as of June 30, 2024, from 62.78% at the end of 2023[8] - The average yield on interest-earning assets decreased to 4.05% in the first half of 2024 from 4.35% in the same period in 2023[22] - The average interest rate on interest-bearing liabilities decreased to 2.85% in the first half of 2024 from 3.05% in the same period in 2023[23] - The net interest spread decreased to 1.20% in the first half of 2024 from 1.30% in the same period in 2023[23] - Corporate loans (including bill discounts) accounted for 56.3% of total interest income in the first half of 2024, down from 68.5% in the same period in 2023[29] - Personal loans accounted for 18.2% of total interest income in the first half of 2024, up from 13.5% in the same period in 2023[29] - Financial investments accounted for 21.2% of total interest income in the first half of 2024, up from 14.2% in the same period in 2023[29] Corporate Governance and Management - The company's board of directors includes 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors[156] - The company's senior management team includes a President, 3 Vice Presidents, and a Chief Information Officer[157] - No directors, supervisors, or senior executives hold any interests or short positions in the company's shares or related securities[158] - Total number of employees as of June 30, 2024, is 8,601[162] - The company conducted 9,822 training sessions in

Meeting Details - The 2023 Annual General Meeting of Shengjing Bank Co., Ltd. is scheduled for June 5, 2024, at 10:00 AM[2] - The meeting is expected to last no more than half a working day[7] - Shareholders must complete share transfer procedures by May 3, 2024, to be eligible to attend the meeting[5] - The bank will suspend share transfer registration from May 6, 2024, to June 5, 2024[5] Agenda Items - The agenda includes the approval of the 2023 financial results and the 2024 budget report[3] - The bank will discuss the profit distribution plan for the 2023 fiscal year[4] - The meeting will also address the appointment of auditors for the 2024 fiscal year[3] - All resolutions will be voted on, with results published according to the listing rules[4] - The meeting will also cover related party transactions and control plans for 2024[4] Presentations - The bank's independent non-executive directors will present their reports during the meeting[3]

Interest Income and Net Interest Income - Interest income decreased by 11.5% to RMB 38,376,991 thousand in 2023 compared to 2022[6] - Net interest income dropped by 31.0% to RMB 8,866,241 thousand in 2023 compared to 2022[6] - Interest income for 2023 was RMB 38.38 billion, a decrease of RMB 4.97 billion (11.5%) compared to 2022[21] - Net interest income for 2023 was RMB 8.87 billion, a decrease of RMB 3.99 billion (31.0%) year-on-year[21] - Interest income decreased by RMB 4.97 billion (11.5%) year-on-year to RMB 38.38 billion, primarily due to a decline in interest income from loans and advances[33] - Interest income from loans and advances decreased by RMB 4.54 billion (13.0%) year-on-year to RMB 30.28 billion, accounting for 79.0% of total interest income[35][36] - Interest income from financial investments decreased by RMB 397 million (5.8%) year-on-year to RMB 6.49 billion[37] - Interest income from deposits with central banks decreased by RMB 62 million (6.0%) year-on-year to RMB 976 million[38] - Interest income from placements with other financial institutions increased by RMB 118 million (59.6%) year-on-year to RMB 317 million[39] - Interest income from reverse repurchase agreements decreased by RMB 90 million (22.8%) year-on-year to RMB 306 million[40] Non-Interest Income and Operating Income - Non-interest net income fell by 64.4% to RMB 1,173,584 thousand in 2023 compared to 2022[6] - Operating income declined by 37.8% to RMB 10,039,825 thousand in 2023 compared to 2022[6] - Operating income for 2023 was RMB 10.04 billion, a decrease of RMB 6.11 billion (37.8%) compared to 2022[21] - Fee and commission income for 2023 was RMB 146.52 million, a decrease of RMB 117.75 million (44.6%) compared to 2022[21] - Net fee and commission income decreased by 44.6% to RMB 146.52 million in 2023, influenced by reduced fee income and increased expenses[49][50] - Trading net loss increased by RMB 736 million to RMB 565 million in 2023, mainly due to higher foreign exchange funding costs[51] - Investment net income decreased by 46.0% to RMB 1.52 billion in 2023, primarily due to lower net gains from bond disposals[52][53] Operating Expenses and Asset Impairment Losses - Operating expenses increased by 3.6% to RMB 5,999,866 thousand in 2023 compared to 2022[6] - Asset impairment losses decreased by 66.0% to RMB 3,119,594 thousand in 2023 compared to 2022[6] - Operating expenses increased by 3.6% to RMB 6.00 billion in 2023, with a notable rise in other general and administrative expenses by 23.4%[54][58] - Employee compensation expenses decreased by 2.5% to RMB 3.11 billion in 2023, mainly due to reductions in salaries, bonuses, and allowances[55][56] - Asset impairment losses decreased by 66.0% to RMB 3.12 billion in 2023, reflecting improved asset quality[59] Profit and Net Profit - Operating profit dropped by 22.7% to RMB 920,365 thousand in 2023 compared to 2022[6] - Net profit attributable to shareholders decreased by 25.3% to RMB 732,434 thousand in 2023 compared to 2022[6] - Net profit for 2023 was RMB 765 million, a decrease of RMB 255 million (25.0%) year-on-year, primarily due to LPR reductions, declining market interest rates, and insufficient growth in financing demand[20] Assets and Liabilities - Total assets decreased by 0.2% to RMB 1,080.05 billion in 2023 compared to 2022[7] - Total loans and advances dropped by 22.1% to RMB 477.88 billion in 2023[7] - Total deposits decreased by 1.3% to RMB 761.15 billion in 2023[7] - Total assets decreased by RMB 23.60 billion to RMB 10,800.53 billion, a decline of 0.2% year-over-year, primarily due to optimized asset structure adjustments[62] - Loans and advances decreased by RMB 1,354.86 billion to RMB 477.88 billion, a decline of 22.1%, accounting for 44.3% of total assets, down 12.4 percentage points year-over-year[65] - Corporate loans (including bill discounts) decreased by RMB 144.16 billion to RMB 369.33 billion, a decline of 28.1%, accounting for 77.3% of total loans and advances, down 6.4 percentage points year-over-year[66] - Personal loans increased by RMB 8.67 billion to RMB 108.55 billion, a growth of 8.7%, accounting for 22.7% of total loans and advances, up 6.4 percentage points year-over-year[67] - Financial investments increased to RMB 457.16 billion, accounting for 42.3% of total assets, up from 30.5% in the previous year[63] - Total liabilities decreased by RMB 818 million (0.1%) to RMB 10,001.58 billion as of December 31, 2023, with deposits accounting for 78.0% of total liabilities[76] - Deposits (excluding interest payable) decreased by RMB 10.41 billion (1.3%) to RMB 761.15 billion, with personal deposits increasing by RMB 16.14 billion (3.2%) and corporate deposits decreasing by RMB 15.76 billion[78] - Personal deposits accounted for 68.2% of total deposits, with time deposits making up 63.4% of personal deposits[80] - Corporate deposits accounted for 30.0% of total deposits, with time deposits increasing to 15.0% from 11.8% in 2022[80] - Issued bonds (excluding interest payable) totaled RMB 16.83 billion, including RMB 11.84 billion in interbank certificates of deposit[81][82] - Shareholders' equity decreased by RMB 1.54 billion (1.9%) to RMB 79.90 billion as of December 31, 2023[83] Loan Quality and Provision Coverage - Non-performing loan ratio improved to 2.68% in 2023, down by 0.54 percentage points from 2022[7] - Provision coverage ratio increased to 159.50% in 2023, up by 19.20 percentage points from 2022[7] - Non-performing loan balance decreased by RMB 6.957 billion to RMB 12.806 billion, and the provision coverage ratio increased by 19.2 percentage points to 159.50%[17] - Provision coverage ratio improved to 159.50%, an increase of 19.2 percentage points year-over-year[70] - The non-performing loan (NPL) ratio improved to 2.68% in 2023, down by 0.54 percentage points from 2022, and the provision coverage ratio increased to 159.50%, up by 19.2 percentage points[85] - The total balance of non-performing loans decreased to RMB 12.81 billion in 2023 from RMB 19.76 billion in 2022, with the NPL ratio dropping to 2.68% from 3.22%[86] - Loans classified as "normal" accounted for 94.2% of total loans in 2023, slightly down from 94.3% in 2022, while "substandard" loans decreased to 2.3% from 2.9%[87] - The wholesale and retail sector had the highest NPL ratio at 5.02% in 2023, down from 7.70% in 2022, with the real estate sector's NPL ratio increasing to 2.20% from 1.70%[89] - Loans to the top five industries (wholesale and retail, leasing and business services, real estate, manufacturing, and construction) accounted for 57.7% of total loans in 2023, down from 63.3% in 2022[90] - The top ten single borrowers, all classified as "normal" loans, accounted for a combined 12.07% of total loans in 2023, with the largest borrower in the wholesale and retail sector at 1.69%[91] - The non-performing loan (NPL) ratio for corporate loans (including bill discounts) was 2.66% as of December 31, 2023, compared to 3.43% as of December 31, 2022[93] - The NPL ratio for retail loans was 2.74% as of December 31, 2023, up from 2.16% as of December 31, 2022[93] - The total NPL ratio was 2.68% as of December 31, 2023, down from 3.22% as of December 31, 2022[92] Capital Adequacy and Capital Ratios - Capital adequacy ratio rose to 14.12% in 2023, an increase of 2.60 percentage points from 2022[8] - Core tier 1 capital adequacy ratio improved to 10.42% in 2023, up by 0.56 percentage points from 2022[8] - Core tier 1 capital adequacy ratio increased to 10.42%, tier 1 capital adequacy ratio to 12.43%, and total capital adequacy ratio to 14.12%, up by 0.56, 2.57, and 2.60 percentage points respectively from the end of the previous year[16] - The core tier 1 capital adequacy ratio was 10.42%, tier 1 capital adequacy ratio was 12.43%, and total capital adequacy ratio was 14.12% as of December 31, 2023[94] Loan-to-Deposit Ratio and Net Interest Margin - Loan-to-deposit ratio decreased to 62.78% in 2023, down by 16.72 percentage points from 2022[8] - Net interest margin declined to 0.96% in 2023, down by 0.38 percentage points from 2022[7] - Net interest margin (NIM) for 2023 was 0.96%, a decrease of 0.38 percentage points year-on-year[26] - Net interest spread for 2023 was 1.14%, a decrease of 0.26 percentage points compared to 2022[26] - Total interest-bearing assets for 2023 averaged RMB 924.74 billion, with an average yield of 4.15%, down from 4.53% in 2022[27] - Total interest-bearing liabilities for 2023 averaged RMB 980.88 billion, with an average cost of 3.01%, down from 3.13% in 2022[28] Interest Expense and Deposit Rates - Interest expense decreased by RMB 983 million (3.2%) year-on-year to RMB 29.51 billion, mainly due to a reduction in deposit interest expense[41] - Deposit interest expense decreased by RMB 734 million (2.9%) year-on-year to RMB 24.29 billion, accounting for 82.3% of total interest expense[42][44] - Interest expense on borrowings from central banks decreased by RMB 430 million (61.4%) year-on-year to RMB 27 million[43] - Total deposits increased to RMB 803.92 billion in 2023, with a slight decrease in interest expense to RMB 24.29 billion, resulting in an average interest rate of 3.02%, down from 3.15% in 2022[45] - Interest expense on interbank and other financial institution deposits decreased by 42.5% to RMB 1.83 billion in 2023, primarily due to a reduction in average balances[46] - Interest expense on repurchase agreements increased by 66.3% to RMB 2.81 billion in 2023, driven by higher average balances[47] - Interest expense on issued bonds rose by 4.4% to RMB 550 million in 2023, attributed to increased average balances[48] - The average deposit interest rate for 2023 decreased by 13 basis points compared to 2022[10] Corporate and Retail Banking - The company's operating income from corporate banking business was RMB 6.873 billion, accounting for 68.5% of total operating income in 2023[99] - Retail banking business contributed RMB 2.749 billion in operating income, representing 27.4% of total operating income in 2023[99] - Corporate deposits balance reached RMB 2,286.08 billion as of December 31, 2023[102] - Corporate loans balance stood at RMB 3,081.04 billion as of December 31, 2023[103] - Transaction banking assets totaled RMB 372.95 billion, with intermediary business income increasing by 71.2% YoY to RMB 238 million[104] - Personal deposits balance grew by 3.2% YoY to RMB 5,188.04 billion as of December 31, 2023[106] - Personal loans balance increased by 8.7% YoY to RMB 1,085.5 billion as of December 31, 2023[107] - Personal customers reached 29.5875 million, with 13.8662 million being first-tier customers, an annual net increase of 354,000[108] - Wealth management customers increased to 302,900, a growth of 24,000 compared to the previous year[108] - Debit card issuance totaled 20.4402 million, an increase of 683,800 from the previous year, with a total consumption transaction volume of RMB 24.172 billion[110] - Wealth management product scale reached RMB 39.044 billion, generating intermediate business income of RMB 201 million[111] - RMB bond trading volume increased by 43% year-on-year, enhancing market activity[112] - The company launched new products such as "Liao Nong Loan," "Liao Gu Loan," and "Liao Wen Loan" to support rural, capital market, and cultural enterprises[113] - The "Fang Yi Loan" product, launched in early 2023, became a key customer acquisition tool, meeting the rapid financing needs of small and micro enterprises[113] - Credit card loan balance reached RMB 13.333 billion, an increase of RMB 4.307 billion compared to the previous year[114] - Cumulative credit card issuance reached 2.3711 million cards[114] - Shengjing Consumer Finance Company has served over 6 million customers[115] - The total assets of 6 village banks increased by 7.2% year-on-year, with liabilities up by 10.7% and net profit increasing by 21.5%[116] Digital Transformation and IT - The bank completed the evaluation of its information technology strategic planning and refined the granularity of IT project and budget management[120] - The bank established an enterprise-level risk management platform, embedding digital risk control tools into business processes[120] - The bank launched a corporate mobile banking app and continuously iterated on mobile banking and WeChat mini-program functionalities[120] - The company improved its information technology risk management by implementing a full-cycle security management process for new systems[127] - The company conducted 5 training courses on cybersecurity emergency response, outsourcing risk management, and information security management, with a cumulative participation of over 5,100 employees[127] - The company emphasized its strategic focus on digital transformation, retail finance, and risk management to drive high-quality development[133] Risk Management - The bank has optimized its credit policies and quota management, focusing on key regions, industries, and target customers to guide financial allocation more precisely[121] - The bank has conducted in-depth reviews and analyses of corporate credit risks, identifying key groups and enterprises to form tailored strategies for each[122] - The bank has established a comprehensive operational risk management system, identifying 1,551 risk points and implementing 1,849 control measures[123] - The bank is set to complete the construction of a comprehensive market risk management system by 2024, enhancing the standardization and refinement of market risk management[124] - The bank has maintained stable interest rate risk levels within acceptable ranges through proactive management and adjustments in asset-liability structures[125] - The bank has implemented a centralized liquidity risk management framework, ensuring balanced liquidity supply and demand with controlled gaps[126] - The company strengthened its reputation risk management by enhancing online monitoring mechanisms and conducting multi-themed training sessions to improve employee awareness[128] - The company optimized its anti-money laundering management framework and improved customer due diligence and transaction monitoring models[130] - The company established a country risk management system, conducting internal assessments and ratings to enhance the accuracy and timeliness of risk identification[131] - The company is committed to strengthening compliance risk management, conducting regular risk assessments, and enhancing internal audits[129] Strategic Focus and Development - The company plans to focus on industrial finance, leveraging local industrial advantages and policy support to reduce investment risks[132] - The company emphasized the importance of digital transformation in Liaoning Province, targeting 22 key industrial clusters and 4 trillion-level industrial bases[132] - The company highlighted the strong recovery of consumer spending in Liaoning Province, with retail sales growth consistently exceeding the national average[132] - The company aims to develop strategic emerging industries, including aviation manufacturing, new materials, robotics, and new energy vehicles[132] - The company implemented the "12345" development strategy, focusing on transformation, reform, and digitalization to enhance overall development capabilities[189] Shareholders and Equity - The total number of shares remained unchanged at 8,796,680,200, with 6,455,937,700 domestic shares and 2,340,742,500 H shares as of December 31, 2023[138] - Domestic institutional shareholders held 72.01% of the total shares, with state-owned entities holding 37.52% and private entities holding 34.49%[139] - The top 10 domestic shareholders collectively held 50.12% of the total shares, with Shenyang Shengjing Financial Holding Group being the largest shareholder at 20.79%[141] - The

Financial Performance - For the year ended December 31, 2023, Shengjing Bank reported interest income of RMB 38,376,991, a decrease of 11.5% compared to RMB 43,348,175 in 2022[6]. - Net interest income fell by 31.0% to RMB 8,866,241 from RMB 12,853,684 in the previous year[6]. - Non-interest income decreased significantly by 64.4% to RMB 1,173,584, down from RMB 3,299,427 in 2022[6]. - Total operating income was RMB 10,039,825, reflecting a decline of 37.8% from RMB 16,153,111 in 2022[6]. - Operating profit decreased by 22.7% to RMB 920,365 compared to RMB 1,191,249 in the previous year[6]. - Net profit for the year was RMB 764,759, down 25.0% from RMB 1,019,269 in 2022[6]. - The net profit attributable to shareholders was RMB 732,434, a decrease of 25.3% from RMB 979,898 in the previous year[6]. - The bank's operating expenses increased by 3.6% to RMB 5,999,866 from RMB 5,790,240 in 2022[6]. Asset Quality and Risk Management - Asset impairment losses significantly decreased by 66.0% to RMB 3,119,594 compared to RMB 9,171,622 in the previous year[6]. - The total non-performing loan ratio improved to 2.68% in 2023, down from 3.22% in 2022, a reduction of 0.54%[7]. - The coverage ratio for provisions increased to 159.50% in 2023, up from 140.30% in 2022, an increase of 19.20%[7]. - The bank's non-performing loan balance decreased by RMB 6.957 billion, with a non-performing loan coverage ratio of 159.50%, up by 19.2 percentage points[17]. - The impairment provision for loans and advances decreased by RMB 7.10 billion or 25.9%, totaling RMB 20.28 billion, with a coverage ratio of 159.50%, up 19.2 percentage points[70]. - The bank continues to optimize credit risk management and enhance asset quality through various measures[85]. Capital and Liquidity - The company's operating income for 2023 was RMB 10.04 billion, with a capital adequacy ratio of 14.12%, an increase of 2.60% compared to 2022[8]. - The company's core tier 1 capital ratio improved to 10.42% in 2023, an increase of 0.56% from 2022[8]. - The loan-to-deposit ratio decreased significantly to 62.78% in 2023 from 79.50% in 2022, a drop of 16.72%[8]. - The bank's total capital adequacy ratio was 14.12% as of December 31, 2023, compared to 11.52% in the previous year[95]. - The bank's total liabilities decreased by RMB 6.05 billion or 66.0% year-on-year, totaling RMB 3,119.59 billion[60]. Customer Engagement and Digital Transformation - The bank's digital transformation initiatives have led to improved operational efficiency and customer engagement, contributing to the growth in personal deposits[78]. - The company is actively implementing digital transformation initiatives, enhancing its digital risk control capabilities with the launch of an automated retail credit approval system[107]. - The company has launched innovative deposit products, including the "Orange Long Time - Cute Baby Series," which received significant social media attention[106]. - The company aims to enhance customer wealth management service experience, receiving the "Excellence in Wealth Management City Commercial Bank" award in 2023[111]. - The company has established a mobile learning platform to broaden training channels and enrich training resources[187]. Corporate Governance and Management - The board of directors includes 14 members, with key positions held by 孫進 (Chairman) and 柳旭 (President)[159]. - Recent management changes include 柳旭 being approved as President on July 11, 2023, and 孫進 being elected as Chairman on August 25, 2023[161]. - The company has established various committees, including risk control and consumer rights protection, with designated chairs and members[163]. - The company has increased the level of information disclosure and standardized investor relations management activities[188]. - The bank's governance report indicates no financial, business, or familial relationships among its directors and senior management[194]. Future Outlook - The bank's future outlook and development strategy will be discussed in detail in the annual report[3]. - The company anticipates a stable economic recovery in 2024, with a focus on maintaining adequate liquidity and aligning monetary supply with economic growth[132]. - The company aims to support the digital transformation of industries in Liaoning Province, targeting the development of 22 key industrial clusters and four trillion-yuan industrial bases[132].

Asset Growth and Composition - Total assets increased by 1.2% to RMB 1,095.16 billion as of June 30, 2023, compared to the end of 2022[10] - Total assets increased to RMB 1,095,164,969 thousand as of June 30, 2023, compared to RMB 1,082,413,109 thousand as of December 31, 2022[175] - Total assets increased to RMB 1,095,164,969 thousand as of June 30, 2023, compared to RMB 1,056,268,387 thousand in the same period last year[196][199] - Corporate banking segment assets grew to RMB 608,502,744 thousand, up from RMB 583,205,736 thousand in 2022[196][199] - Retail banking segment assets increased to RMB 117,286,771 thousand, compared to RMB 105,664,679 thousand in 2022[196][199] - Loans and advances increased to RMB 648.14 billion as of June 30, 2023, from RMB 630.6 billion at the end of 2022[173] - Loans and advances increased by RMB 6.922 billion, a 1.1% increase, accounting for 56.6% of total assets[61][62] - Corporate loans accounted for 69.0% of total loans and advances, while personal loans accounted for 16.7%[62] - Corporate loans increased by RMB 3.309 billion (0.6%) to RMB 516.792 billion, accounting for 83.3% of total loans and advances, a decrease of 0.4 percentage points from the end of the previous year[63] - Personal loans increased by RMB 3.613 billion (3.6%) to RMB 103.493 billion, accounting for 16.7% of total loans and advances, an increase of 0.4 percentage points from the end of the previous year[63] - Guaranteed, pledged, and mortgaged loans decreased by RMB 6.263 billion (1.1%) to RMB 541.612 billion, accounting for 87.4% of total loans and advances[64] - Credit loans increased to RMB 78.673 billion, accounting for 12.6% of total loans and advances, up from 10.7% at the end of the previous year[65] - Financial investments decreased by RMB 17.480 billion (5.3%) to RMB 312.132 billion, accounting for 28.5% of total assets, a decrease of 2 percentage points from the end of the previous year[68] - Financial assets measured at fair value through profit or loss decreased to RMB 105.228 billion, accounting for 34.6% of total financial investments, down from 39.9% at the end of the previous year[69] - Financial assets measured at fair value through other comprehensive income increased to RMB 65.079 billion, accounting for 21.4% of total financial investments, up from 13.8% at the end of the previous year[69] - Financial assets measured at amortized cost totaled RMB 304.05 billion as of June 30, 2023, a decrease from RMB 322.90 billion at the end of the previous year[70] - Government bonds accounted for 7.2% of financial assets measured at amortized cost as of June 30, 2023, down from 9.4% at the end of the previous year[70] - Policy bank bonds increased to 11.1% of financial assets measured at amortized cost as of June 30, 2023, up from 9.8% at the end of the previous year[70] - The provision for impairment losses on financial assets measured at amortized cost was RMB 9.11 billion as of June 30, 2023, compared to RMB 5.86 billion at the end of the previous year[70] - The expected credit loss for the next 12 months was RMB 2.52 million as of June 30, 2023, up from RMB 2.19 million at the end of the previous year[71] - The total expected credit loss for the lifetime of financial assets was RMB 1.28 billion as of June 30, 2023, compared to RMB 1.30 billion at the end of the previous year[71] Deposit Growth and Composition - Total deposits grew by 4.8% to RMB 808.83 billion as of June 30, 2023, compared to the end of 2022[10] - Total deposits increased to RMB 808.83 billion as of June 30, 2023, up from RMB 771.57 billion at the end of 2022, with personal deposits accounting for 66.8% of the total[77] - Customer deposits grew to RMB 825.4 billion as of June 30, 2023, from RMB 788.75 billion at the end of 2022[174] - Deposits from customers totaled RMB 8,088.33 billion as of June 30, 2023, an increase of RMB 372.67 billion or 4.8% compared to the end of the previous year, accounting for 79.9% of total liabilities[76] - Personal deposits increased by RMB 37.94 billion compared to the end of the previous year, driven by digital transformation and intelligent marketing strategies[76] - Corporate deposits decreased by RMB 496 million compared to the end of the previous year, reflecting efforts to reduce customer concentration and focus on low-cost, short-term deposits[76] - Customer base grew to 28.52 million, with personal deposits increasing by RMB 37.94 billion to RMB 540.604 billion, accounting for 66.8% of total deposits[12] - Personal deposits balance reached RMB 540.604 billion as of June 30, 2023[105] Loan Growth and Composition - Total loans increased by 1.1% to RMB 620.28 billion as of June 30, 2023, compared to the end of 2022[10] - Total loans amounted to RMB 620.28 billion as of June 30, 2023, with a non-performing loan (NPL) ratio of 3.17%, slightly improved from 3.22% at the end of 2022[86][90] - Loans to the top five industries (wholesale and retail, leasing and business services, real estate, manufacturing, and construction) accounted for 62.9% of total loans, totaling RMB 389.94 billion as of June 30, 2023[87] - The real estate sector had an NPL ratio of 1.81%, with outstanding NPLs of RMB 1.35 billion, while the manufacturing sector had a higher NPL ratio of 6.39% with NPLs of RMB 2.37 billion[86] - Retail loans reached RMB 103.49 billion, with an NPL ratio of 2.07%, slightly improved from 2.16% at the end of 2022[90][91] - The top ten single borrowers accounted for 10.67% of total loans, with the largest borrower in the leasing and business services sector holding RMB 8.50 billion[89] - Short-term corporate loans had the highest NPL ratio at 8.36%, with NPLs of RMB 14.10 billion, while medium- and long-term corporate loans had a lower NPL ratio of 1.31%[90] - The power, heat, gas, and water supply sector had the highest NPL ratio at 19.74%, with NPLs of RMB 653.41 million[86] - Credit card overdrafts showed an NPL ratio of 5.23%, with NPLs of RMB 605.28 million, an improvement from 6.72% at the end of 2022[90] - Corporate loans (excluding bill discounts) increased by RMB 7.25 billion to RMB 428.26 billion as of June 30, 2023[102] - Personal loan balance increased by RMB 3.613 billion to RMB 103.493 billion as of June 30, 2023[106] - Credit card loan balance reached RMB 11.565 billion, an increase of RMB 2.539 billion (28.1%) compared to the end of the previous year[111] Interest Income and Expenses - Net interest income decreased by 1.3% to RMB 5,978.32 million in the first half of 2023 compared to the same period in 2022[4] - Interest income increased by 1.2% to RMB 21.300 billion, while interest expenses rose by 2.2% to RMB 15.322 billion, resulting in a 1.3% decline in net interest income to RMB 5.978 billion[19] - Net interest margin (NIM) decreased to 1.30%, down by 0.01 percentage points, and net interest yield declined to 1.22%, down by 0.08 percentage points[20] - Interest income from loans and advances reached RMB 17.47 billion, accounting for 82.0% of total interest income, up from 81.0% in the previous year[30] - Corporate loans (including bill discounts) contributed RMB 14.59 billion in interest income, representing 68.5% of total interest income, with an average yield of 5.28%[32] - Personal loans generated RMB 2.89 billion in interest income, accounting for 13.5% of total interest income, with an average yield of 5.84%[32] - Interest income from financial investments decreased to RMB 3.02 billion, down from RMB 3.18 billion in the previous year, with a lower average yield of 2.75%[22] - Interest income from deposits with central banks was RMB 497.61 million, accounting for 2.3% of total interest income[30] - Financial investment interest income decreased by RMB 156 million (4.9%) to RMB 3.02 billion in H1 2023 due to lower average investment yields[33] - Interest income from deposits with central bank decreased by RMB 20 million (3.8%) to RMB 498 million in H1 2023 due to lower average balance[34] - Interest income from interbank and other financial institutions decreased by RMB 4 million (4.9%) to RMB 83 million in H1 2023 due to lower average balance[35] - Interest expense increased by RMB 336 million (2.2%) to RMB 15.32 billion in H1 2023, mainly due to a RMB 665 million increase in interest expense from repurchase agreements[37] - Deposit interest expense decreased by RMB 174 million (1.4%) to RMB 12.49 billion in H1 2023 due to optimization of liability structure and lower deposit interest rates[40] - Interest expense from interbank and other financial institutions decreased by RMB 173 million (14.2%) to RMB 1.04 billion in H1 2023 due to lower average balance and interest rates[42] - Interest expense from repurchase agreements increased by RMB 665 million (79.8%) to RMB 1.50 billion in H1 2023 due to higher average balance and interest rates[43] - Net interest income for corporate banking was RMB 4,863,975 thousand, while retail banking recorded RMB 1,185,520 thousand[198] Non-Interest Income and Expenses - Non-interest income dropped significantly by 42.4% to RMB 1,165.62 million in the first half of 2023 compared to the same period in 2022[4] - Operating income decreased by 11.6% to RMB 7.144 billion, with non-interest income dropping by 42.4% to RMB 1.166 billion[17] - Net fee and commission income increased by RMB 86 million (156.4%) to RMB 140 million in H1 2023, mainly due to higher income from financing guarantees and asset management services[45] - Net trading loss was RMB 127 million in H1 2023, a decrease of RMB 353 million YoY, mainly due to foreign exchange market fluctuations[47] - Net investment income decreased by RMB 590 million (34.1%) to RMB 1.14 billion in H1 2023, mainly due to lower gains from disposal of bond assets[48] - The retail banking segment recorded a net fee and commission expense of RMB 53,678 thousand[195] - The funds business segment reported a net trading loss of RMB 126,981 thousand[195] Profitability and Financial Performance - Net profit attributable to shareholders decreased by 21.8% to RMB 737.88 million in the first half of 2023 compared to the same period in 2022[4] - Net profit for H1 2023 was RMB 789.635 million, a YoY decrease of 18.1%, primarily due to narrowing net interest margins and reduced non-interest income[14][15] - Net profit attributable to shareholders was RMB 737.88 million, down from RMB 944.11 million in the same period last year[171] - Basic and diluted earnings per share were RMB 0.08 in H1 2023, down from RMB 0.11 in H1 2022[172] - Total comprehensive income for H1 2023 was RMB 897.96 million, compared to RMB 1.048 billion in H1 2022[172] - Net profit for the first half of 2023 was RMB 737,875 thousand, contributing to a total comprehensive income of RMB 846,196 thousand[177] - The company allocated RMB 64,871 thousand to surplus reserves and RMB 510,691 thousand to general reserves during the first half of 2023[177] - Pre-tax profit for corporate banking was RMB 2,034,088 thousand, while retail banking reported a loss of RMB 1,072,147 thousand[198] - The company reported a pre-tax profit of RMB 919,254 thousand, with the corporate banking segment contributing RMB 3,253,163 thousand[195] Asset Quality and Risk Management - The non-performing loan ratio improved slightly to 3.17% as of June 30, 2023, down from 3.22% at the end of 2022[7] - Non-performing loan ratio decreased to 3.17%, down by 0.05 percentage points, while the provision coverage ratio increased to 142.90%, up by 2.60 percentage points[13] - The non-performing loan (NPL) ratio decreased to 3.17% as of June 30, 2023, down by 0.05 percentage points from the end of 2022, with the provision coverage ratio rising to 142.90%, up by 2.59 percentage points[82] - Total non-performing loans amounted to RMB 19.65 billion as of June 30, 2023, with substandard loans making up 2.9% of total loans and doubtful loans accounting for 0.2%[83][84] - Loan impairment provisions increased by RMB 233 million to RMB 27.609 billion, with a loan provision ratio of 4.53%, up 0.01 percentage points from the end of the previous year[66] - Asset quality improved, with enhanced risk management systems and increased efforts in recovering non-performing assets[13] - The company has optimized its credit risk management by focusing on ten preferred industries, leveraging regional advantages, and targeting high-quality customers[119] - The company has strengthened its market risk management by revising policies, improving risk measurement systems, and enhancing risk limit monitoring and early warning mechanisms[121] - The company has actively managed interest rate risk by adjusting asset-liability structures and using tools like internal fund transfer pricing (FTP) to mitigate the impact of interest rate fluctuations[122] - The company has improved liquidity risk management by optimizing asset-liability structures, enhancing dynamic monitoring, and expanding emergency funding channels[123] - The company has upgraded its credit risk management system to achieve full electronic and refined management across all customers, products, and processes[119] - The company has implemented a dedicated approver framework for credit approval, emphasizing independent decision-making and expert judgment[119] - The company has strengthened operational risk management by enhancing employee compliance awareness, improving internal control processes, and conducting risk assessments[120] - The company has focused on reducing concentration risks by strictly managing large credit exposures and implementing reduction plans for high-risk clients[119] - The company has enhanced its risk management capabilities by integrating technology, improving data governance, and upgrading system functionalities[118] - The company has established a multi-level liquidity reserve mechanism to ensure stable and secure liquidity management[123] - The company has completed on-site evaluation of eight systems including online banking, mobile banking, and comprehensive wealth management for security level protection, with a cumulative participation of over 1,100 employees in related training[124] - The company has strengthened its reputation risk management through proactive evaluation, media communication, and innovative training methods, including creating educational videos[125] - The company has optimized its internal control system, focusing on compliance management and risk prevention, while promoting a compliance culture through training and peer exchanges[126] - The company has enhanced anti-money laundering (AML) risk management by improving monitoring models, conducting regular training, and expanding public awareness campaigns[127] - The company has established a country risk management system, including internal assessment ratings and risk reserve provisions based on sovereign credit ratings[128] Capital Adequacy and Funding - The capital adequacy ratio increased to 12.4% as of June 30, 2023, up by 0.88 percentage points from the end of 2022[10] - The bank's core tier 1 capital adequacy ratio stood at 9.19%, with a total capital adequacy ratio of 12.40% as of June 30, 2023, supported by a RMB 15 billion local government special bond issuance[92] - Core Tier 1 capital increased to RMB 81.42 billion as of June 30, 2023, up from RMB 80.55 billion at the end of 2022[94] - Total capital adequacy ratio improved to 12.40% in 2023 from 11.52% in 2022[94] - The bank successfully raised RMB 15 billion through a local government special bond issuance to enhance its capital adequacy[92] - The company plans to issue financial bonds with a total principal amount of up to RMB 30 billion, including no more than RMB 15 billion in perpetual capital bonds and no more than RMB 15 billion in other types of financial bonds[150] - The perpetual capital bonds will have no fixed maturity, with the trigger event date being the maturity date, while other financial bonds will have a maximum term of 10 years[150] - The funds raised from the bond issuance will be used to optimize the company's asset and liability structure, stabilize medium- and long-term funding sources, and support medium- and long-term asset business development

Financial Performance - For the six months ended June 30, 2023, Shengjing Bank reported net profit attributable to shareholders of RMB 737,875,000, a decrease of 21.8% compared to RMB 944,113,000 for the same period in 2022[24]. - Net profit for the first half of 2023 was RMB 789.635 million, a decrease of RMB 174.220 million or 18.1% year-on-year[35]. - Operating income for the first half of 2023 was RMB 7.144 billion, down RMB 937.132 million or 11.6% year-on-year[37]. - The bank's total comprehensive income for the first half of 2023 was RMB 846,196, compared to RMB 1,028,751 for the same period in 2022, indicating a decrease of approximately 17.7%[198]. - The basic and diluted earnings per share for the first half of 2023 were RMB 0.08, down from RMB 0.11 in the same period of 2022[24]. Asset and Liability Management - Total assets as of June 30, 2023, reached RMB 1,095,164,969, reflecting a 1.2% increase from RMB 1,082,413,109 at the end of 2022[25]. - The bank's total liabilities increased by 1.2% to RMB 1,012,829,918 from RMB 1,000,976,014 at the end of 2022[25]. - The capital adequacy ratio as of June 30, 2023, was 12.40%, up from 11.52% at the end of 2022[27]. - The company's total financial assets amounted to RMB 304.05 billion, a decrease from RMB 322.90 billion at the end of 2022[91]. Loan and Deposit Growth - The bank's total loans and advances amounted to RMB 620,284,642, reflecting a 1.1% increase from RMB 613,362,329 at the end of 2022[25]. - Total deposits amounted to RMB 808.833 billion, up RMB 37.267 billion or 4.8% from the end of the previous year[31]. - The total amount of loans and advances issued was RMB 620.285 billion as of June 30, 2023, an increase of RMB 6.922 billion, representing a growth of 1.1%[82]. - Individual deposits increased by RMB 37.94 billion compared to the end of the previous year, while corporate deposits decreased by RMB 0.5 billion[96]. Income Sources - The bank's non-interest income decreased by 42.4% to RMB 1,165,615,000 from RMB 2,024,777,000 year-on-year[24]. - Interest income increased to RMB 21.300 billion, a rise of RMB 257.810 million or 1.2% year-on-year[36]. - The bank's net interest income for the first half of 2023 was RMB 5.98 billion, down RMB 0.08 billion or 1.3% year-on-year[50]. - The bank's net fee and commission income rose to RMB 140 million, an increase of RMB 86 million or 156.4% year-on-year[66]. Risk Management - The bank continues to enhance risk management capabilities, focusing on asset quality management and optimizing risk management strategies[138]. - Credit risk management has been strengthened with a focus on maintaining stable growth in asset quality and optimizing credit structure[139]. - The bank has implemented a comprehensive credit risk control process, emphasizing pre-loan marketing and post-loan management[139]. - The bank has established a multi-level liquidity reserve mechanism to broaden emergency funding channels[143]. Shareholder Information - As of June 30, 2023, the total number of shares was 8,796,680,200, consisting of 6,455,937,700 domestic shares and 2,340,742,500 H-shares, with no changes during the reporting period[150]. - Shenyang Shengjing Financial Holdings Group Co., Ltd. is the largest shareholder, owning 1,829,225,327 shares, which is 20.79% of the total[153]. - The total number of domestic shareholders is 3,466, while H-share shareholders number 126 as of June 30, 2023[152]. Corporate Governance and Management - The company’s governance practices comply with the corporate governance code, except for three directors who were unable to attend the annual general meeting due to business reasons[181]. - The company has established a diverse compensation system that reflects job characteristics and provides flexible benefits[180]. - The company’s board of directors has undergone changes, with key positions being filled following resignations due to age and work adjustments[177]. Future Outlook and Strategy - The company aims to achieve high-quality development by focusing on four transformations: operational transformation, asset-liability management transformation, digital transformation, and branch transformation[149]. - The company plans to issue financial bonds with a total principal amount of up to RMB 30 billion, including perpetual bonds not exceeding RMB 15 billion and other types of financial bonds not exceeding RMB 15 billion[170]. - The company is committed to maintaining a stable economic environment, with a focus on expanding domestic demand and preventing risks, amidst challenges in the economic recovery process[149].

Financial Performance - Interest income for 2022 was RMB 43,348.175 million, a 5.9% increase from RMB 40,915.676 million in 2021[5] - Net profit for 2022 reached RMB 1,019.269 million, representing a 136.6% increase compared to RMB 430.883 million in 2021[5] - Operating income for 2022 was RMB 16,153.111 million, a 4.4% increase from RMB 15,466.611 million in 2021[5] - Basic and diluted earnings per share rose to RMB 0.11 in 2022, compared to RMB 0.05 in 2021[6] - Total operating income for 2022 was RMB 16.15 billion, up RMB 686.5 million, reflecting a growth of 4.4% compared to the previous year[17] - The company achieved a net profit of RMB 1.02 billion in 2022, an increase of RMB 588 million, representing a growth of 136.6% year-on-year[15] Asset and Liability Management - Total assets increased by 7.6% to RMB 1,082,413.109 million in 2022 from RMB 1,006,126.253 million in 2021[6] - Total liabilities increased by 8.1% to RMB 1,000,976.014 million in 2022 from RMB 925,623.312 million in 2021[6] - Total assets reached RMB 1,082.41 billion, an increase of RMB 76.29 billion or 7.6% compared to the previous year[11] - Total deposits amounted to RMB 771.57 billion, up RMB 34.53 billion or 4.7% year-on-year[11] Loan and Credit Quality - The bank's total loans and advances increased by 4.7% to RMB 613,362.329 million in 2022 from RMB 586,032.668 million in 2021[6] - The non-performing loan ratio improved to 3.22% in 2022 from 3.28% in 2021[6] - The provision coverage ratio increased to 140.30% in 2022, up from 130.87% in 2021[6] - Total loans and advances amounted to RMB 613.36 billion, with non-performing loans totaling RMB 19.76 billion[83] - The impairment provision for loans and advances increased to RMB 27.38 billion, up by RMB 2.70 billion or 11.0% compared to the previous year, reflecting enhanced risk coverage capabilities[66] Income Sources - Non-interest income amounted to RMB 3.30 billion, a 7.2% increase, accounting for 20.4% of total revenue[14] - Net interest income reached RMB 12.85 billion, an increase of RMB 466.1 million, with a year-on-year growth of 3.8%[19] - Interest income rose to RMB 43.35 billion, a year-on-year increase of RMB 2.43 billion, while interest expenses increased by RMB 1.97 billion[20] - The interest income from loans and advances amounted to RMB 34.82 billion, representing 80.3% of total interest income, with a year-on-year increase of RMB 3.87 billion or 12.5%[30] Operational Efficiency - Operating expenses were RMB 5.79 billion, a slight decrease of RMB 0.07 billion or 1.1% year-on-year, reflecting enhanced budget control and cost-saving measures[49] - Employee compensation expenses were RMB 3.19 billion, an increase of RMB 0.11 billion or 3.7% year-on-year, driven by personnel growth and rising average wages[51] Risk Management - The bank's focus on optimizing credit risk management processes has strengthened its ability to mitigate financial risks[81] - The bank has enhanced its operational risk management by improving internal control systems and risk monitoring tools, aiming to maximize operational risk control capabilities[119] - Liquidity risk management has been strengthened through a comprehensive liquidity management system, ensuring balance sheet optimization and dynamic monitoring[122] Corporate Governance - The board of directors consists of 12 members, including 3 executive directors, 4 non-executive directors, and 5 independent non-executive directors[188] - The company is committed to continuously reviewing and strengthening corporate governance to meet higher expectations from shareholders and investors[185] - The board meets at least four times a year, ensuring compliance with procedures and applicable rules[190] Shareholder Information - As of December 31, 2022, the total number of shares was 8,796,680,200, with domestic shares accounting for 6,455,937,700 and H shares for 2,340,742,500, showing no changes during the reporting period[133] - Major shareholders include Shengjing Financial Holdings with 1,829,225,327 shares (20.79%) and Shenyang Hengxin with 479,836,334 shares (5.45%) as of December 31, 2022[138] Strategic Initiatives - The bank plans to continue expanding its market presence and enhancing its product offerings in the coming years[6] - The bank aims to enhance its financial services in the Liaoning region, focusing on inclusive finance and technological finance development[128] - The bank's strategic vision includes a commitment to serve local economies, small and medium enterprises, and rural residents, while enhancing deposit growth and customer base development[128]

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告內容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就本通告全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損 失 承 擔 任 何 責 任。 SHENGJING BANK CO., LTD.* 盛京銀行股份有限公司* （於中華人民共和國註冊成立的股份有限公司） （股份代號：02066） 2022年年度股東大會通告 茲通告 盛 京 銀 行 股 份 有 限 公 司（「本 行」）2022年 年 度 股 東 大 會（「大 會」）謹 定 於2023年6月2日（星 期 五）上 午9時30分假座中國遼寧省瀋陽市瀋河區 北站路109號6樓604室 舉 行，以 審 議 並 酌 情 通 過 下 列 決 議 案： 普通決議案 1. 2022年 度 董 事 會 工 作 報 告； 2. 2022年 度 監 事 會 工 作 報 告； 3. 2022年度財務決算及2023年 度 財 務 預 算 報 告； 4. 2022年 度 利 潤 分 配 方 案； 5. 聘 任2023年 度 審 計 師； 6. 建 議 修 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告內容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損 失 承 擔 任 何 責 任。 SHENGJING BANK CO., LTD.* 盛京銀行股份有限公司* （於中華人民共和國註冊成立的股份有限公司） （股份代號：02066） 截 至2022年12月31日止年度業績公告 盛 京 銀 行 股 份 有 限 公 司（「 本 行 」）董 事 會（「 董事會 」）欣 然 公 佈 截 至 2022年12月31日 止 年 度 經 審 計 的 本 行 及 其 子 公 司 年 度 業 績（「年度業績」） （根 據 國 際 會 計 準 則 委 員 會 頒 佈 的《國 際 財 務 報 告 準 則》編 製）及 建 議2022 年 度 的 股 息 安 排。本 行 董 事 會 及 其 轄 下 的 審 計 委 員 會 已 審 查 並 確 認 年 度 業 績。 年度業績刊登在香港聯合交易所有限公司網站(www.hkexnews.hk)和本行 網 站(w ...